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    Ghana generates US$3.3 Billion From Non-Traditional Exports in 2021, Report

    Ghana generates US$3.3 Billion From Non-Traditional Exports in 2021, Report

    Posted On 09 Jul 2022
    By : New Africa Business News, Staff Correspondent
    Comment: 0

    By Richard Adorsu-

    Ghana’s Flag
    Photo Credit: Countryflags.com

    NEW AFRICA BUSINESS NEWS (NABN) Accra- Ghana records $3.3 billion from Non-Traditional Export (NTE), a revenue increase of 17 per cent in 2021.

    Non-Traditional Export revenue increased from US$2.8 billion in 2020 to US$3.3 billion in 2021. Data provided by the Bank of Ghana and the Ministry of Finance showed that the balance of payment deficit (the difference between export and import earnings) stood at US$926.1 million (1.3 per cent of Gross Domestic Product – GDP).

    Mr. Kojo Oppong Nkrumah, Minister of Information, at the launch of the analysis of the 2021 NTE statistics in Accra said the growth in the 2021 NTE showed that the country would gradually close the deficit gap.

    He noted that the effort to increase particularly NTE had become more important.

    “In the end, if we’re able to keep up on this trajectory and keep improving non-traditional export then we’ll be in the position where no matter what is happening in the global economy, we’ll still have a dominant export position and not require a lot of help.” He said.

    The Minister, therefore, called on the Ghana Export Promotion Authority (GEPA) to double up efforts to enhance total export, the balance of trade.

    Other things that drove the growth were expansions and optimum running of installed capacities of some major companies, and the export of products by some One District-One Factory (1D1F) companies.

    There was also adherence to the protocols of the Economic Community of West African States (ECOWAS) Trade Liberalisation Scheme (ETLs), as well as trade facilitation efforts of the Ghana Export Promotion Authority (GEPA) and MoTI.

     

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    Current Outbreak of Coronavirus (COVID-19) Disease- Coronavirus advisory information, World Health Organization & United States, Centers for Disease Control and Prevention

    Coronaviruses (CoV) are a large family of viruses that cause illness ranging from the common cold to more severe diseases such as Middle East Respiratory Syndrome (MERS-CoV) and Severe Acute Respiratory Syndrome (SARS-CoV). A novel coronavirus (nCoV) is a new strain that has not been previously identified in humans.

    Coronaviruses are zoonotic, meaning they are transmitted between animals and people.  Detailed investigations found that SARS-CoV was transmitted from civet cats to humans and MERS-CoV from dromedary camels to humans. Several known coronaviruses are circulating in animals that have not yet infected humans.

    Common signs of infection include respiratory symptoms, fever, cough, shortness of breath and breathing difficulties. In more severe cases, infection can cause pneumonia, severe acute respiratory syndrome, kidney failure and even death.

    Standard recommendations to prevent infection spread include regular hand washing, covering mouth and nose when coughing and sneezing, thoroughly cooking meat and eggs. Avoid close contact with anyone showing symptoms of respiratory illness such as coughing and sneezing. Source- WHO

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    For New Africa Business News Richard Adorsu Reports,  Africa Correspondent
    About the Author
    New Africa Business News Staff Correspondent
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